Spain: Umbrella And Walking-Stick Market 2024

Umbrella And Walking-Stick Market Size in Spain

In 2022, the Spanish umbrella and walking-stick market increased by 48% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Umbrella And Walking-Stick Production in Spain

In value terms, umbrella and walking-stick production shrank significantly to $X in 2022 estimated in export price. In general, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 54%. Umbrella and walking-stick production peaked at $X in 2021, and then dropped markedly in the following year.

Umbrella And Walking-Stick Exports

Exports from Spain

In 2022, approx. X units of umbrellas and walking-sticks were exported from Spain; which is down by -3.8% compared with 2021 figures. In general, total exports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.2% against 2020 indices. The growth pace was the most rapid in 2014 when exports increased by 48%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, umbrella and walking-stick exports rose sharply to $X in 2022. Overall, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.3% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 39%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

France (X units), Italy (X units) and Portugal (X units) were the main destinations of umbrella and walking-stick exports from Spain, together comprising 69% of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +11.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Portugal ($X) were the largest markets for umbrella and walking-stick exported from Spain worldwide, together accounting for 71% of total exports. Germany, the UK, Poland, Hungary, Morocco and Greece lagged somewhat behind, together accounting for a further 12%.

Hungary, with a CAGR of +14.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average umbrella and walking-stick export price amounted to $X per unit, picking up by 17% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Morocco ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Umbrella And Walking-Stick Imports

Imports into Spain

In 2022, purchases abroad of umbrellas and walking-sticks increased by 36% to X units, rising for the second year in a row after two years of decline. Overall, imports, however, recorded a relatively flat trend pattern. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, umbrella and walking-stick imports surged to $X in 2022. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of umbrella and walking-stick to Spain, with a 89% share of total imports. It was followed by Germany (X units), with a 2.3% share of total imports. Portugal (X units) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.9% per year) and Portugal (+8.1% per year).

In value terms, China ($X) constituted the largest supplier of umbrellas and walking-sticks to Spain, comprising 80% of total imports. The second position in the ranking was taken by Portugal ($X), with a 5.3% share of total imports. It was followed by Germany, with a 2.3% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+5.3% per year) and Germany (+6.3% per year).

Import Prices by Country

The average umbrella and walking-stick import price stood at $X per unit in 2022, declining by -4.8% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, umbrella and walking-stick import price increased by +60.5% against 2017 indices. The most prominent rate of growth was recorded in 2014 an increase of 63%. The import price peaked at $X per unit in 2021, and then fell modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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